SMU Data and Models
February 18, 2016
SMU Steel Buyers Sentiment Index: Small Slip on Today's Number but 3MMA Moves Higher
Written by John Packard
Steel Market Update conducted our mid-February flat rolled steel market trends analysis over the past four days. The SMU Steel Sentiment Indices are one of a group of proprietary products which are derived from this particular analysis which we conduct twice per month.
When reviewing the data we found that our “Current” Sentiment Index dropped one point to +58 which is still well within the optimistic range of the index. Current Sentiment measures how buyers and sellers of steel feel about their company’s ability to be successful based on the existing market conditions. The +58 reading is up 2 points over one month ago and is 5 points higher than at this time last year.
